Detailed Notes on Contractor Purchasing System Review
Detailed Notes on Contractor Purchasing System Review
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(eight) Has the contractor executed ample Price or selling price analysis or selling price comparisons and attained Qualified Charge or pricing data and facts other than Qualified Price tag or pricing data?
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The Contractor shall set up and keep a suitable purchasing system. Failure to maintain an acceptable purchasing system, as defined On this clause, may possibly end in disapproval with the system with the Contracting Officer and/or withholding of payments.
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(b) The moment an Original determination continues to be designed beneath paragraph (a) of this section, no less than each individual a few a long time the ACO shall ascertain regardless of whether a purchasing system review is critical. If important, the cognizant agreement administration office will perform a purchasing system review.
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As said earlier mentioned, the intention of the CPSR is to ensure that a contractor’s purchasing system functions to make certain that the contractor spends federal government money in accordance With all the Federal Acquisition Regulation (Much).
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(a) The ACO shall sustain a enough volume of surveillance to make certain that the contractor is correctly managing its purchasing program.
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Getting ready, at the side of the staff plus the Finance Committee, a spending budget for Board acceptance ahead of the beginning of every fiscal 12 months.